Contracts, Invoices & Legal

Bowman's Basel III relief may ease MSR capital but won't bring banks back; risk weights and economics still favor nonbanks, according to the Chairman of Whalen Global Advisors View the full article

The merger adds strengths of Direct Mortgage's conventional and government segments to the Lendermac platform, supporting the latter's growth ambitions. View the full article

The company also revealed more about the impacts of its data breach, and said it doesn't consider the development likely to materially affect its results. View the full article

Mortgage One is accused of using an artificial intelligence voice agent for outbound solicitations, recommending a cash-out refi to the plaintiff in the case. View the full article

War headlines failed to lift Treasuries; rates sold off, resistance held, and hedging beat rate bets, according to the Head of Correspondent Business Development at AD Mortgage. View the full article

While two employees say they were never repaid for a $200,000 loan to the struggling lender, the CEO says the pair broke their promise to cover business losses. View the full article

The House Financial Services Committee passed a legislative package heavily favored by banks in a 26-16 vote View the full article

While this only shows a 2-basis-point rise in the 30-year fixed since last week, the Lender Price product and pricing engine data is 30 basis points higher. View the full article

The bank exited the $1.95-trillion asset cap last year, but it had remained subject to the rest of the eight-year-old order. View the full article

The Bureau of Labor Statistics reported that the economy lost 92,000 jobs in February while unemployment held steady at 4.4%, a development that could spur the Federal Reserve to question whether interest rates are truly in balance. View the full article

President The President's criticism of large institutional investors prompted inclusion of a sales timeline for build-to-rent properties in the ROAD Act, which in turn pushed NAHB to withdraw its support. View the full article

The industry welcomed the Department of Veterans Affairs' plan for implementing legislatively-created borrower relief but some would like more clarification. View the full article

San Francisco-based Anthropic is challenging a decision by the department and other federal agencies like the Federal Housing Finance Agency to shift their AI work to other providers. View the full article

In the highest-priced housing markets, some buyers see adjustable-rate mortgages as the only loan they may initially qualify for, Cotality found. View the full article

Surveyed employees at top mortgage companies say pay is solid: 83% feel fairly compensated, with bonuses, benefits, and flexible options helping recognize hard work. View the full article

A near-record share of homeowners unable to sell their properties are renting them out instead, with "accidental landlords" accounting for 2.3% of listed rental stock in October, per Zillow data. View the full article

The number of homes with default notices, scheduled auctions or bank repossessions last month was down from January but up 20% from a year ago. View the full article

Federal Reserve Vice Chair for Supervision Michelle Bowman outlined upcoming changes to the bank regulatory capital framework in a speech Thursday, focusing on streamlining bank capital requirements through Basel III and Global Systemically Important Bank surcharge rules. View the full article

A group representing this part of the industry also called for more implementation time and some changes to borrower determinations. View the full article

A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill. View the full article

A coalition of Democratic attorneys general, led by California and Illinois, have sued the Department of Housing and Urban Development over a guidance that they argue will scale back enforcement to strict federal standards and threaten state funding to enforce fair housing laws. View the full article

TruLookup for Real Estate reduces the need for realtors to access multiple databases or download numerous apps when researching a potential client or property. View the full article

Originators with less than $59 million in assets don't have to share their loan data with CFPB, as the semi-shuttered regulator continues mortgage oversight. View the full article

The Bureau of Labor Statistics reported Tuesday morning that consumer prices rose 0.3% in December, with annual inflation stuck at 2.7%, lending credence to the Federal Reserve's cautious stance toward interest rates heading into 2026. View the full article